iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Down 0.1% – Here’s What Happened

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) were down 0.1% during mid-day trading on Friday . The company traded as low as $24.48 and last traded at $24.50. Approximately 70,242 shares changed hands during trading, a decline of 21% from the average daily volume of 88,554 shares. The stock had previously closed at $24.52.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Price Performance

The company has a 50-day moving average of $24.44 and a 200-day moving average of $24.42.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. increased its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,555 shares of the company’s stock after purchasing an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 as of its most recent SEC filing.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.